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Apr 24, 2013
04/13
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that is fine through payroll taxes. but they said that immigrant without a high-school degree would have a net co of $89,000. her year over their lifetime. who do believe? the national research council, "new york times", we believe the national research council basically $90,000 is the net cost? what we're asking for is simple honesty for the american people. this doesn't have to be an ugly discussion but it does have to be honest. media matters and organizations like it fails to understand these are honest questions that deserve honest answers. there's nothing anti-immigrant about demanding responsible leadership based on fact and empirical studies in washington and public policy based on all of that, not just politics. but public policy choices in the nation's interest. >> the bston bombing suspect is not an enemy combat into? then what is the. we have the answers with "dobb's law". the analysis says the obama budget is fair on taxes he raises them on every one. details ahead. a plan to reform the immigration laws wit
that is fine through payroll taxes. but they said that immigrant without a high-school degree would have a net co of $89,000. her year over their lifetime. who do believe? the national research council, "new york times", we believe the national research council basically $90,000 is the net cost? what we're asking for is simple honesty for the american people. this doesn't have to be an ugly discussion but it does have to be honest. media matters and organizations like it fails to...
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Apr 24, 2013
04/13
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, we just tax people. we have seen it before. fundamentally, there does need to be reform in washington, $100 billion a year in corporate welfare, crony capitalism that needs to be looked at money from that should be us used at the gn energy. neil: i we think we should drop all subsidies. >> this green energy stuff is crony capitalism. neil: just, get rid of them all, what do you think? >> neil, we're in middle of that, new tech is a government guaranteed lender, that program is worked for 53 years, this year because of the risk sharing between new tech and government a zero subsidy item. there are times where government, does play an active and important role. but -- >> that is a lendinga i'm talking about with a government assuming the role of propping up an stray, or providing -- a industry or providing tax break to give an advantage, i think whether it is oil, or solar or anything in between, stop it. >> government should not be in venture capital business. neil: us can be a little bit pregnant. >> wel
, we just tax people. we have seen it before. fundamentally, there does need to be reform in washington, $100 billion a year in corporate welfare, crony capitalism that needs to be looked at money from that should be us used at the gn energy. neil: i we think we should drop all subsidies. >> this green energy stuff is crony capitalism. neil: just, get rid of them all, what do you think? >> neil, we're in middle of that, new tech is a government guaranteed lender, that program is...
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Apr 18, 2013
04/13
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taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. but you know i want to go a step further. i'm encouraged by my colleague. at least with the income tax, let's not only have a maximum but let's have a minimum. if you need an average say 12% to cover the inco
taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like...
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Apr 17, 2013
04/13
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we raise the basic rate of payroll tax. that is the tax, it takes just about anything that i hired her as to capital gains, dividends. neil: the kind of stuff that has more of an impact. >> you're right. neil: thank you very much. to rick leventhal in boston with the latest developments. what you're hearing? >> well, 30 agencies have now been assigned to this investigation with more than 1,000 officers involved, including the fbi. today we get a closer look to some of the evidence response technicians working the crime scene behind us on boylson street when they open another block of the street. you can see some of the technicians in their suits collecting evidence at the scene. one of the things they have asked for our photos and videos of the incident right before and after the bombs went off along the marathon route. but we have word tonight may be some of the crime scene photos, some of the evidence that there are now collecting at that scene, including some of those from our fox affiliate in atlanta that appear to show
we raise the basic rate of payroll tax. that is the tax, it takes just about anything that i hired her as to capital gains, dividends. neil: the kind of stuff that has more of an impact. >> you're right. neil: thank you very much. to rick leventhal in boston with the latest developments. what you're hearing? >> well, 30 agencies have now been assigned to this investigation with more than 1,000 officers involved, including the fbi. today we get a closer look to some of the evidence...
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Apr 18, 2013
04/13
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and the president who accuse someone by the name of mitt romney of not paying his taxes. by golly, they get away with it. at some point here facts are going to begin to matter to the american people. your nose? maybe, maybe, just maybe we were right. now, when the president calls on citizens who want to preserve their constitutional rights and the nra lyres, i think we're getting pretty close to the point. i think if you try much harder, mr. president, we will get there. when things get crazy they get crazier. and elvis impersonator arrested. "dobbs law" next. disappointing economic reports and earnings driving the market's lower. a former ceo of the dnc, john allison's eyes this to tell us what it means. the gang of eight makes its pitch for emigration reforms. the secretary of state, chris go back tells us why it is just one big, bad idea. ♪ are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. @ you know it
and the president who accuse someone by the name of mitt romney of not paying his taxes. by golly, they get away with it. at some point here facts are going to begin to matter to the american people. your nose? maybe, maybe, just maybe we were right. now, when the president calls on citizens who want to preserve their constitutional rights and the nra lyres, i think we're getting pretty close to the point. i think if you try much harder, mr. president, we will get there. when things get crazy...
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Apr 16, 2013
04/13
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the irs says boston taxpayers will be granted extensions on their tax returns. every little bit helps. that is my "2 cents more." a great night and we will see rebecca tomorrow evening. ♪ lou: lou: good evening and thank you for being with us. details tonight emerging about yesterday's horrific terrorist attack and the boston marathon. the two explosions on boils some street wounded 176 by standards. three people killed. martin richard lost his life in the explosion that also left his brother and sister critically wounded. waiting by the finish line to hug his father and to congratulate him for finishing a marathon. 29-year-old crystal campbell also killed in the attack after adding to the finish line to take a picture of a friend was completing the race. the third victim has now been identified as a graduate student from boston university, but her name has not been released pending notification of next of kin. seventeen other victims tonight remain in critical condition. some have lost limbs or arms, many have suffered severe injuries to their legs. doctors o
the irs says boston taxpayers will be granted extensions on their tax returns. every little bit helps. that is my "2 cents more." a great night and we will see rebecca tomorrow evening. ♪ lou: lou: good evening and thank you for being with us. details tonight emerging about yesterday's horrific terrorist attack and the boston marathon. the two explosions on boils some street wounded 176 by standards. three people killed. martin richard lost his life in the explosion that also left...
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Apr 23, 2013
04/13
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how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where americans don't top work. this that is find just give us an answer, do we as a nation make money? do we benefit? do we prosper because of illegal immigration. you hear everyone say we're a nation of immigrants, why don't they say a nation of illegal immigrants? the questions go on and on, is the path to citizenship appropriate? is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv tse answers? that's the big question. if you have been watching politics, and washin
how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where...
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Apr 18, 2013
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some the workers that say you pay your taxes are scramming the system and stealing your tax dollars. the details of this story are going to make you furious. might want to get the kid out of the room. that is next. liz: google starting to distribute pricey brand new internet connected glasses called google glass. we want to know if you would fork over $1500 a pair? log on to facebook.co facebook.com/afterthebell. tell us what you think. we'll read your comments later this hour. ♪ . are you still sleeping? just wanted check and make sure that we were on schedule. the first chnology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. liz: you're going to hate this. dozens of irs workers charged with allegedly stealing government benefits, the very same workers who were supposed to protect the system. david: makes you mad, doesn't it? liz macdonald. wait until you hear the details. she has got them for you. you've been following the tax system for a long time. this is an incredible story. >> good to be with you, liz and david. two d
some the workers that say you pay your taxes are scramming the system and stealing your tax dollars. the details of this story are going to make you furious. might want to get the kid out of the room. that is next. liz: google starting to distribute pricey brand new internet connected glasses called google glass. we want to know if you would fork over $1500 a pair? log on to facebook.co facebook.com/afterthebell. tell us what you think. we'll read your comments later this hour. ♪ . are you...
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Apr 18, 2013
04/13
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the arrest in taxes of the wife of the exit justice of the pie there charged with three murders. the d.a., assistant d.a., and the wife of the district attorney. >> the odd thing about that is police went and basically on her confession that she was the one who often these people, sort of, i guess, in retribution for has been getting convicted. very convoluted. he gets convicted of stealing and lost his job. lou: stealing three computers. >> shooting three innocent people. now warmer has it that she will also put the gun and arouse the sand. right now he has not been charged with mders. >> in jail for making terroristic threats, and he is in jail for the bond. what she is now saying, she's the one that pull the trigger. they found a warehouse full of arms and the car. has really been -- the investigation has been amazing. lou: we d't have an opportunity to do this enough. the investigators, law enforcement agencies, the prosecutors have been brilliant in the state of texas in the way in which they have handled this. >> without a doubt. and the fact of the public did not know what
the arrest in taxes of the wife of the exit justice of the pie there charged with three murders. the d.a., assistant d.a., and the wife of the district attorney. >> the odd thing about that is police went and basically on her confession that she was the one who often these people, sort of, i guess, in retribution for has been getting convicted. very convoluted. he gets convicted of stealing and lost his job. lou: stealing three computers. >> shooting three innocent people. now...
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Apr 19, 2013
04/13
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already close at $10 million that is how much the businesses have raised in the wake of the boss said tax to help out the victims we will talk to ken feinberg to has already got a tough assignment and much more will be donated that is the nature to allocate the bp settlement funds and who is providing these funds? former mcdonald's usa ceo is here to remind us that big business is not always evil. but we thought we would cover the story because that is where the money is coming from. not exclusively but 90 percent has been coming from corporations and business titans to want to help particularly the family of this little boy who was killed in the attack but there are others similarly promised relief. >> it is said justin and generous country when our citizens and young people are under such terrific stress all of us pull together and put aside our differences to reach out to try to help. if you look at corporations over the years and decades or centuries mcdonald's mcdonald's, ronald mcdonald house, ford foundation, gates buffett foundation, a great men and women and corporations to suppo
already close at $10 million that is how much the businesses have raised in the wake of the boss said tax to help out the victims we will talk to ken feinberg to has already got a tough assignment and much more will be donated that is the nature to allocate the bp settlement funds and who is providing these funds? former mcdonald's usa ceo is here to remind us that big business is not always evil. but we thought we would cover the story because that is where the money is coming from. not...
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Apr 16, 2013
04/13
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that's like a tax on everything we do. it's not a productive activity. >> i felt it coming into manhattan today. there were more police officers at the bridges and tunnels, people were pulled over on the side of the roads checking cars. took me a long time to get here today because of that. that's out of pocket. >> yeah, it's money. it's time. you spend more time in transitions between home and work, on travel, and think in the past decade of the amount of money this country spent on making people safe. that's an important endeavor in and of itself, but that's not hiring people or investing in new technology. that's not growth. that's a cost. >> after 9/11, or in 2011, we were just on the precipice of the economy turning, and then 9/11 hits. >> 9/11 hits, the recession, people remember that. that was the first of the jobless recoveries. think back. it took a long time. it was during that period we were trying to build a regulatory apparatus to make people safe, a physical app apparatus, and it's not a coincidence we had a
that's like a tax on everything we do. it's not a productive activity. >> i felt it coming into manhattan today. there were more police officers at the bridges and tunnels, people were pulled over on the side of the roads checking cars. took me a long time to get here today because of that. that's out of pocket. >> yeah, it's money. it's time. you spend more time in transitions between home and work, on travel, and think in the past decade of the amount of money this country spent...
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Apr 18, 2013
04/13
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nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll finde good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than
nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere...
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Apr 18, 2013
04/13
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show me something and also the outlooks are all netive because the sequester, payroll tax cut that went away, all that stuff, melissa is factoring i think what is happening in these companies to where mark's point, yeah they have all run up and now we're starting to say the cows are coming home and we don't have true eaings growth, the top-line growth that we need. melissa: lance, that is absolutely right. that is the theme we hear again and ain, they can't grow the top line because the economy isn't supporting that. what do you do? how do you respond to that? how do you protect your money? >> well the thing is you have to understand, actually mark hit on a great point, since 2009 revenuesnly grown by about 7% of the earnings have grown by almost 230%. the disparity's come from things like stock buybacks, accounting gimmickry in terms when do we account for stuff and when we don't. and so what drives corporate growth in the stock markets over the long term is that top line revenue, sales. that's what we node to see. that is what --. melissa: lance, i know that, tell me how do i protect
show me something and also the outlooks are all netive because the sequester, payroll tax cut that went away, all that stuff, melissa is factoring i think what is happening in these companies to where mark's point, yeah they have all run up and now we're starting to say the cows are coming home and we don't have true eaings growth, the top-line growth that we need. melissa: lance, that is absolutely right. that is the theme we hear again and ain, they can't grow the top line because the economy...
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Apr 17, 2013
04/13
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david: by the way, the government shouldn't be the one -- it is all those taxes. most of the extra charges seem to be these little nickel and dime taxes that they charge you. that is from the government. the government is not going to solve the problem. the government is part of the problem anyway. lori: i don't know, peter. i think your cell phone bill must be so high you can't afford a razor. david: oh. it is 5:00. he has a 5:00 shadow. lori: he has more than that. >> i'm going to shave right now. lori: thank you. i have an app for that. david: just because he arrives at 3:00 a.m. every morning and doesn't have a chance it shave. lori: i couldn't resist. [laughter] david: oh, lord. >> my shaving app. my shaving app. david: thanks a lot, peter. lori: it can drain your wallet. we'll tell you about a $40,000 cocktail. that will set you back. david: we asked you whether or not you thought apple would regain its mojo. we'll read some of your responses coming up next. ♪ . my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i
david: by the way, the government shouldn't be the one -- it is all those taxes. most of the extra charges seem to be these little nickel and dime taxes that they charge you. that is from the government. the government is not going to solve the problem. the government is part of the problem anyway. lori: i don't know, peter. i think your cell phone bill must be so high you can't afford a razor. david: oh. it is 5:00. he has a 5:00 shadow. lori: he has more than that. >> i'm going to shave...
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Apr 19, 2013
04/13
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>> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ride on the ground in the immediate boston regional area, but now you are looking at the jets' new head, you're looking at the extent to which this was deployed from the outside. and to the extent to which there are supports or a support structure internally your that allow for this attack to take place. connell: two brothers are less to be a part of this, one that was killed and the other that is said to be 19 years old and still at large. you mentioned their background, the fact that there are originally from chechnya. they came here, we think, in 2002 and three, some are in an area. is it possible that they just acted alone? working together as brothers? is it more likely from your experience of the years that they did have some support from the outside, or read my be. >> you know, is suspect gillette to let this point, but if i had to put my chest down on a table i wa
>> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ride on the ground in the immediate boston regional area, but now you are looking at the jets' new head, you're looking at the extent to which this was deployed from the outside. and to the extent to which there are supports or a support structure internally your that allow for this attack...
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Apr 22, 2013
04/13
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sales tax jurisdictions across the u.s. you will also be audited by out-of-state tax collectors. that is just wrong and unnecessary for year. speak they really want a level playing field. peter: states say this legislation could help them collect $23 billion a year in additional tax revenue. california alone could pull in an extra $4 billion a year. the fire right now is really over an exemption for small online retailers. ebay, however, is pushing for an exemption of 10 million or 50 employees. lori. lori: both sides make a vital argument. peter: this got a test vote in the senate earlier this year. it got 75 votes on a pretty bipartisan basis. this legislation faces stronger opposition in the house from anti-tax. lori: thank you, peter barnes. melissa: crying wolf. former department of transportation inspector says it is just another example of shoddy management. she joins us ahead. lori: a look at the breakdown. you do have shares in the right here. microsoft and caterpillar leading the dow. we will be back right after t
sales tax jurisdictions across the u.s. you will also be audited by out-of-state tax collectors. that is just wrong and unnecessary for year. speak they really want a level playing field. peter: states say this legislation could help them collect $23 billion a year in additional tax revenue. california alone could pull in an extra $4 billion a year. the fire right now is really over an exemption for small online retailers. ebay, however, is pushing for an exemption of 10 million or 50...
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Apr 17, 2013
04/13
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payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future. >> that's exactly right. what it does it takes into account the volatility and fear in the market over the 30 days ahead for the s&p 500. that's exactly what we're seeing here today. we're seeing it at a level of 1 d. it was up over 24% earlier today. we're certainly seeing the volatility here on wall street. we have really seen that just this week alone. on monday we were down 265 points. yesterday we gained only to pull back again today and take out monday's lows. we're seeing broad based selling across the board. the more economically sensitive sectors are the ones gettin
payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future....
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Apr 16, 2013
04/13
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they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner. when it finally, when the fever finally broke on october 7, excuse me, january 7 of 1980, you had a hard move on silver just like you did on gold on friday. they try to hold the markets together. the margin calls went out. people had to start selling their commodity positions. i do not know if they play that way here or not, but it has had a heart attack on the market and heart attack patients do not get right off the gurney and run a 100-yard. connell: if it bounces back up, is it in your view over at this point and the second part, what, if any, to the impacts of the bombing have?
they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner....
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Apr 16, 2013
04/13
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. >> that's right, disability as a designated tax and i should know the number, 1.8% half on the employee, half on the employer. this is predicted decades ago and we're pretty much on course and what we've done in the past is we've borrowed between the disability and the old age trust fund. you can do that. we did that back in '82 when the old age fund was literally out of money for a period of time. that's not a longer term solution. i mean, we're going to have to figure out do you want more revenue, but again, i'm all for cracking down on fraud, i don't know anyone who isn't, but you don't want to have terminal cancer patients dying before he they get their disability. >> yes, sir, that's a given. dean baker, think very much. i'm sorry we're pressed for time and i've got to get the one update in for you about the bombing in boston. there were two and only two devices found. no additional threats have been received. no unexploded devices were found. okay. now this. the amount of u.s. debt owned by foreigners is at a record level and the chinese own the biggest chunk. liz macdonald, charl
. >> that's right, disability as a designated tax and i should know the number, 1.8% half on the employee, half on the employer. this is predicted decades ago and we're pretty much on course and what we've done in the past is we've borrowed between the disability and the old age trust fund. you can do that. we did that back in '82 when the old age fund was literally out of money for a period of time. that's not a longer term solution. i mean, we're going to have to figure out do you want...
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Apr 18, 2013
04/13
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. shoot. now with the share everything plan from verizon, connect your camera, along with your smartphone and tablet. all your devices connected by one simple plan on the powerful network. record video. connect more. so you can do more. the share everything plan from verizon. add additional devices like the samsung galaxy camera for $5 monthly access. melissa
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you...
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Apr 19, 2013
04/13
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increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the matter as long as data remains relatively, weak, not strong, muddled through the fed will be a long way as way from ending its quantitative easing. the other thing we havv to pay attention to which i think gives us a lot of upside potential is that what's happening in japan is nothing less than significant. and we need to pay attention to the yen. tracy: so let's first finish with the united states because i know you are hot on the yen. you've talked about it last time you were here. that means based on what you're say, second q
increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the...